01-21-2019, 11:24 AM
Founders of plastic waste alliance 'investing billions in new plants'
https://www.theguardian.com/environment/..._clipboard
A nice idea, but while there's still a few billion dollars to be made by Shell and EM, I suppose life's long-term survival on Earth can wait.
https://www.theguardian.com/environment/..._clipboard
Quote:Together the companies have committed $1bn (£778m) over the next five years to reduce plastic production and improve recycling, with an aspiration to raise that to $1.5bn if more members join.
But most of the founding firms have tens of billions of dollars riding on the need for global plastic production to continue growing over the next decade and more.
Shell, one of the signatories, is building a multibillion-dollar plant in Pennsylvania in the eastern US, using shale gas as its fuel to produce 1.6m tonnes of polyethylene – the world's most common plastic – each year.
A nice idea, but while there's still a few billion dollars to be made by Shell and EM, I suppose life's long-term survival on Earth can wait.